economy »

Bernanke leaves door open for Cyprus-style confiscation of savings

Federal Reserve Chairman, Ben Bernanke refused to say that the United States will not use Cypriot techniques of taxing the people by confiscating a percentage of their savings accounts to fund government operations. During a press conference held to explain his view the economic conditions in the United States, Bernanke identified what he called the growth of private payrolls, increase in spending by households and companies, gains in the housing sector as signs that his expectations of a recovery in the economy were correct.

The Streets of America in the Very Near Future…

We’ve seen it time and again over the last five years. Governments overstepping their authority and punishing their people because of the actions of elite banking conglomerates, dirty politicians and bought-off regulators. Iceland, Greece, Ireland, Hungary, Argentina, Spain, and Portugal have all been pillaged in the name of purported recovery and stability.

It’s Coming: “A Pan-Global Collapse Is Inevitable” *Must Watch Video*

Gregory Mannarino explains the devastating impact of America’s debt based economic model – and what the final outcome of trillion dollar deficits will be. If you want to understand the economic and monetary policies that brought us to this breaking point, watch every minute of the following video.

New York’s Homelessness Worst Since The Great Depression

State and local governments nationwide have struggled to accommodate a homeless population that has changed in recent years – now including large numbers of families with young children. As the WSJ reports, more than 21,000 children – an unprecedented 1% of the city’s youth – slept each night in a city shelter in January, an increase of 22% in the past year; as homeless families now spend more than a year in a shelter, on average, for the first time since 1987. New York City has seen one of the steepest increases in homeless...

Prepping for the Financially Challenged: A One Month Survival Plan For Under $300

Many people are now waking up to the possibility that the future may not provide the great recovery we all expect it to be. They are begining to sense that something is wrong with the economy and it will not get better. Their first thought is the question, What do I do to protect myself and my family? They usually answer that question with the thought, maybe these preppers aren’t so crazy after all. How do you prep with very little money?

By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know

The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse. Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great...

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.  The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air.  When that happens, it is going to be absolutely catastrophic for the U.S. economy.